Capped Rental Fee Variation by Month of Rental (Rev. 1, 10-01-03)

by  Jared Staheli
June 17th, 2015

For the first three rental months, the capped rental fee schedule is calculated so as to limit the monthly rental to 10 percent of the average of allowed purchase prices on assigned claims for new equipment during a base period, updated to account for inflation. For each of the remaining months, the monthly rental is limited to 7.5 percent of the average allowed purchase price. After paying the rental fee schedule amount for 15 months, no further payment may be made except for the 6-month maintenance and servicing fee (see §40.2).

References:

Capped Rental Fee Variation by Month of Rental (Rev. 1, 10-01-03). (2015, June 17). Find-A-Code Articles. Retrieved from https://www.findacode.com/articles/capped-rental-fee-variation-by-month-of-rental-26686.html

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